F7

Question : On 1 April 2015, Para acquired 70% of Sunna’s equity shares paying $205,800. The summarized statements of financial position of the two companies at 31 December 2015 are: Para Sunna Note $’000 $’000 Non-Current Assets    Property, Plant and Equipment 200 230 1    Investments 256 10 2 456 240 Current Assets    Inventory 30 34 3